Sorry, my account and user name somehow messed up by Intuit!  Not sure what you mean?  It’s included on schedule L with no assets.  Also, it turns out the 1099-c is marked personally liable though TP didn’t think so (bank never came after him, was never on his credit report, either).  One thought was to include it on schedule c for shareholders’ returns and also include an other deduction, but if TP was personally liable, is it income to TP?  Thanks in advance!